ELRAHMA CHARITY TRUST
Latest income
£798k
Latest spending
£1.1m
Registered
1993
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity reported an operating loss of £334,448 for the year ended 31 December 2024, driven by charitable expenditure exceeding investment income. Per the trustees' report, unrestricted reserves stood at £45,689,314, providing substantial cover for future commitments despite the current deficit.
What the accounts disclose
Reserves policy: unclear (held: £45.7m)
“the charity aims to maintain a cash reserve to cover anticipated grant and other future commitments in the current and forthcoming financial years.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 17
“During the year the charity received IT services from Tristar Tech Solutions Limited for which it paid £2,250 (2023:£2,015). Mr Omar Megerisi and Mr Hazem Megerisi are directors of Tristar Tech Solutions Limited.” — page 23
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£798k
Total spending
£1.1m
Reserves (reported)
£45.7m
Employees
3
Trustees
- ABUBAKER MEGERISI
- ALI ABUBAKER MEGERISI
- HAZEM MEGERISI
- MOHAMED ABUBAKER MEGERISI
- MR O MEGERISI
- MR TAREK MEGERISI
- OTMAN MEGERISI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £798k | £1.1m |
| 31/12/2023 | £649k | £1.1m |
| 31/12/2022 | £410k | £829k |
| 31/12/2021 | £398k | £911k |
| 31/12/2020 | £948k | £875k |
Common questions
Is ELRAHMA CHARITY TRUST financially healthy?
The accounts state that the charity reported an operating loss of £334,448 for the year ended 31 December 2024, driven by charitable expenditure exceeding investment income. Per the trustees' report, unrestricted reserves stood at £45,689,314, providing substantial cover for future commitments despite the current deficit. Its FY2024 accounts were audited by HaysMac LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MIRZA SHARIF AHMAD FOUNDATION | 1 | £5.6m |
| MAJLIS ANSARULLAH (UK) LTD | 1 | £265k |